write-down Refers to making an entry, usually at the close of a period, to decrease the cost value of the inventories asset account in order to recognize the lost value of products that cannot be sold at their normal markups or will be sold...
http://www.taxalmanac.org/index.php/Discussion:How_to_W...
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Cisco Systems took the biggest inventory write-off ($2.5 billion) for its latest quarter, which will be officially reported today. ... If a company announces a big inventory write-off along with restructuring charges, it can probably persuade analysts to disregard the inventory write- off, too.
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www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/05/08/BU...
www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/05/08/BU54900.DTL
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Writing off obsolete equipment and inventory can reduce your income and save you money at tax time. ... Writing Off and Writing Down Obsolete Equipment and Inventory Can Save on Taxes ... For items that are obsolete or worthless, list the full value of the equipment for write-off...
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biztaxlaw.about.com/od/businesstaxseason/ss/yearendtaxp...
biztaxlaw.about.com/od/businesstaxseason/ss/yearendtaxplan_5.htm
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The 2005 preliminary product revenues and estimated charge for the inventory write off contained in this news release are subject to finalization in connection with the preparation of the Company's Form 10-Q report for the quarter ended September 30, 2005. This release also contains "forward-looking statements"
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www.lexdon.com/article/LifeCell_Reports_Preliminary_Thi...
www.lexdon.com/article/LifeCell_Reports_Preliminary_Third_Quarter/13887.html
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Last month, we began a discussion of your investment in stocked inventory. ... But, at least your freeing up some shelf space in your warehouse, getting rid of an eyesore, and getting some value by being able to write off the cost of the material. But be sure you have tried all of the other possibilities before you...
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www.effectiveinventory.com/article14.html
www.effectiveinventory.com/article14.html
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Digital video recorder (DVR) supplier posted a net loss of $17.7 million in its fiscal second quarter of 2007, a wider loss than previously forecasted and which the company attributed to an inventory write-off. ... "Increased consumer demand for high definition products, ... According to Rogers, “Early indications are...
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www.broadcastingcable.com/article/CA6473318.html
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But if that same company has one warehouse only for finished goods inventory, and it is destroyed by force majeure, say an earthquake or a 100-year flood, then it makes sense to write-off the nonrecurring loss directly to the capital surplus account.
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www.numeraire.com/value_board/messages/44.html
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company recorded an operating profit of $22,000 before a charge to write off excess Guardian DNA inventory of $258,000. The $22,000 operating profit is the first such quarterly result after more than five (5) years of losses and follows previously unannounced third quarter 1998 operating losses of just $11,000.
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www.allbusiness.com/company-activities-management/finan...
www.allbusiness.com/company-activities-management/financial-performance/6674046-1.html
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Tax question: We're a small manufacturing business, privately held and wish to write-off non-moving inventory. What does the IRS say we have to do with the physical ... That is, until something occurs that removes the inventory from being available for sale to customers there is no write off. Whether the inventory is spoiled ,
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www.justanswer.com/questions/sgy4-write-off-inventory-w...
www.justanswer.com/questions/sgy4-write-off-inventory-without
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